One of the keys to business success is the ability to interpret financial statements and make good decisions based on the information. In fact, a primary cause of business failure is poor financial management, including the misinterpretation of financial statements and inappropriate action taken as a result.

This guide will help you understand basic financial principles that must be applied to your business to manage your business finances and improve your bottom line. By the time you complete the learning guide, you will be comfortable with the functions of cash flow management, credit and collections, cost/profit/volume relationship and important business ratios.